Alerts

FSA Remuneration Code Update: Final Rules and Application to Hedge Fund Managers

December 21, 2010

On 17 December 2010 the UK Financial Services Authority (“FSA”) published its delayed policy statement (“PS”) and final rules on revising its Remuneration Code (“Code”). The FSA had previously announced that its revised Code would be published after the Committee of European Banking Supervisors (“CEBS”) published its finalised guidelines on remuneration policies and practices (the “Guidelines”), which were published 10 December 2010.